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St-Georges Release More Information on the Thor Gold Project & Arrange Financing $SX.ca

Posted by AGORACOM-JC at 2:55 PM on Tuesday, April 11th, 2017

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  • Project is part of the recent string of acquisitions by St-Georges
  • Located in the southwest portion of Iceland, about 20 km east of the city center of Reykjavik
  • Conditional to regulatory approval, company is proposing an equity financing of up to $500,000 that could be increased by a 20% over-allocation under certain conditions

Montreal, Quebec / April 11, 2017 – St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTC: XOOF) (FSE: 85G1) is pleased to present further information on its Thor exploration & development project in Iceland.

Please refer to our March 16, 2017 news release posted on the CSE or our website at www.st-georgesplatinum.com for additional information on location and terms.

Thor Joint-Venture Gold Project

The Thor Project is part of the recent string of acquisitions by St-Georges. The project is located in the southwest portion of Iceland, about 20 km east of the city center of Reykjavik. This area is an active rift zone.

A new internal report completed for St-Georges by Dr. Natasha Henwood, as part of the due diligence process for the acquisition of Iceland Resources, summarizes the previous work programs including the most recent work conducted in 2013. The report includes recommendations to bring the project forward to a resource estimate. St-Georges management is in contact with independent consultants in order to commission a National Instrument 43-101 Technical Report later this spring for the Thor project.

The work Dr. Henwood reviewed confirms the existence of high grade gold values contained in a low sulphidation epithermal system. The mineralized system is comprised of early banded chalcedony-ginguro veins cut by later silica-feldspar veins, and then remobilized faulting with clay gouge and disseminated sulfides.

The previous work program included detailed geologic mapping, petrography, stream sampling and core re-sampling and assaying. Geologic mapping proved difficult because of thick vegetation. Less than 10% of outcrop is available for mapping. Much of the outcrop is limited to ridge tops, cliffs and stream bottoms. The field works in conjunction with structural interpretation from aerial photos have given some limited perspective to geologic and structural controls for mineralization.

A review of past core drilling provided additional important information, Dr. Henwood determined that:

-True thickness on the vein intercepts ranged from 2.2 to 11.4 meters.

-Current length is 560 meters based on drill intercepts (Figure 2).

-Depths of mineralized intervals in core are from surface to 80 meters.

-Gold to silver ratio is approximately 2:1 with some variations.

The work completed on petrology, stream sampling, and core logging and re-assaying provides a strong argument for multiple episodes of gold deposition. Dr. Greg Corbett visited the property in 2004. He postulated plunging, high grade shoots of gold mineralization associated with extensional faulting (Figure 1). His work and drilling conducted on the vein system have shown the vein is open to the north. Stream sampling suggests the vein system may also extend to the south even though drilling appears to cut it off.

The core resampling program indicated substantial repeatability of higher grades of gold. However, no resamples were conducted on low and moderate grade samples in 2013. Historic sampling of the low and moderate grades was generally less than 10% difference. This problem will likely require twinning of past high grade drill holes with larger core.

Figure 1: Structural model for Iceland (Corbett 2004)


Click Image To View Full Size

The poor repeatability of the higher grade samples can be attributed to nugget effect and the current condition of the available core. Much of the resampling (12 of 15 samples) exceeded a 10% difference between the original 2006 sampling and the 2013 sampling. Eight of the samples measured significantly higher (24% to 286%) while 3 were significantly lower (-27% to -42%). Table 1 below shows the results of the sampling of best grades correlation of resampling of these intervals.

Table 1 – Results showing 2006 assays and 2013 re-assay

 


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Figure 2: Plan map of Thor project with drilling and vein intercepts.
Click Image To View Full Size

Past work along with Dr. Henwood’s summary analysis provides an excellent framework for St. Georges upcoming work programs. The company is determining the best geophysical methods to test for extensions of the known mineralization along strike and at depth. A drill program will then be permitted to test the results. The drilling will target specific high grade gold shoots based on past drilling and Dr. Corbett’s model. Deeper drilling will assess the gold encountered at depths of 420 meters with the goal of identifying additional high grade resources.

Financing

Management has been approached by different parties to finance the company. Conditional to regulatory approval the Company is proposing an equity financing of up to $500,000 that could be increased by a 20% over-allocation under certain conditions.

Terms

$0.03 per unit. Each unit includes one common share and one unit special warrant. Each unit’s special warrant will have an execution price of $0.06 and an 18 months life span. When executed the special unit warrants will enable the warrant holder to acquire one common share and one standard warrant. The standard warrant will be valid for 18 month concurrently to the special warrant and bear an execution price of $0.12. This warrant will allow the holder to receive one common share. All securities issued under this financing will be restricted from resale for 4 months.

If all warrants are executed, the holder of the units would have acquired 3 common shares for each unit subscribed at an average of $0.07 per share.

Related Parties Participation

Insiders and related parties, including geological contractors in Iceland may decide to participate in this financing. Insiders and related parties will participate on the basis of a voluntary 18 months restriction on the common share subscribed.

Multilateral Instrument 61-101

Given the proposed participation of the insider holders, the proposed financing constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security holders in Special Transactions (“MI 61-101″).

St-Georges is relying on an exemption to both the formal valuation and the minority shareholder approval requirements of MI 61-101, as neither the fair market value of the Units to be distributed to, nor the fair market value of the consideration to be received by St-Georges from the insider holders in connection with the proposed financing exceeds 25% of St-Georges’ share capitalisation.

The technical information in this release has been reviewed and approved by Mr. Herb Duerr, P. Geo. a ‘qualified person’ as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company control directly or indirectly all of the active mineral tenures in Iceland. It also explores for Nickel on the Julie Nickel Project & for industrial minerals on the Quebec’s North Shore and for Lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.st-georgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Will $PFN.ca $DGO.ca $BFF.ca SX.ca supply the lithium needed to run the future’s electric cars?

Posted by AGORACOM-JC at 4:46 PM on Friday, December 30th, 2016

A Tesla electric car at a charging station.

A Tesla electric car at a charging station.
  • onus is now on rechargeable batteries – rather than petrol – to propel the automotive industry into its proposed greener future, with lithium ion cells being the prevailing form of this technology.
  • The automotive industry’s focus on electrification has accelerated in 2016.

Volkswagen Chairman Herbert Deiss told CNBC at the Paris Motor Show in November that “electric mobility will take off by 2020,” while Tesla CEO Elon Musk announced in May his aim for annual production to be at 1 million vehicles by this same year.

The onus is now on rechargeable batteries – rather than petrol – to propel the automotive industry into its proposed greener future, with lithium ion cells being the prevailing form of this technology.

“Lithium is a pretty abundant element naturally,” Jamie Speirs, a fellow in energy analysis and policy at Imperial College London, told CNBC via telephone. But, though worldwide production of the metal is increasing year on year, he detailed that “the current supply chain will not match up with lithium demand by, say, 2040.”

Unsurprisingly, as automakers gear up to sell more electric vehicles, prices for lithium have also risen.

“Owing to increased worldwide demand, spot lithium carbonate prices (in 2015) increased approximately 10% to 15% from those of 2014,” wrote the United States Geological Survey (USGS) in January of this year. So, which countries are crucial to lithium’s production – and who has the potential to control this market in the future? CNBC investigates.

The Chang Tang plateau in Tibet, China, is known for its lithium resources.

BSIP | UIG | Getty Images
The Chang Tang plateau in Tibet, China, is known for its lithium resources.

China

Analysts CNBC spoke to concurred that China was ahead of the game in terms of its lithium production.

China’s lithium reserves are an estimated 3.2 million metric tons, according to the USGS in January 2016, meaning that the superpower ranks among those with the largest domestic supply. Most resources are located in its Qinghai and Tibet regions.

Perhaps in response to how much the market has grown – and where it may progress to in coming years – the price of Chinese battery grade lithium is currently well over $20,000/tonne, compared to $7,000/tonne in mid-2015, according to mining analysis firm CRU.

“China has a stranglehold on lithium production,” Speirs said. “Well organised and professionally run mining companies” make this enterprise profitable, he added.

This is bolstered by the convenient fact that China is the world’s largest electric vehicle market. According to the China Association of Automobile Manufacturers, sales of battery electric vehicles reached 258,000 units in the first ten months of 2016, increasing 102.5 percent year on year. In addition, the Chinese government has unveiled several incentives in recent years aimed at addressing the country’s environmental problems.

“In the future, we expect supply from China to increase significantly to meet the domestic demand,” CRU told CNBC via e-mail.

Lithium: powering your electric car?  

Latin America’s ‘lithium belt’

Argentina, Bolivia and Chile form a troika of lithium producers in Latin America, otherwise known as the “lithium belt” or “lithium triangle.” Could these countries spearhead a second commodity boom in the region?

“Latin American countries once produced lithium from ore, as with other metals, but can now do so from brine, which is cheaper,” Speirs explained. Contributing to the metal’s profitability, CRU added that for Latin America, “industrial-grade lithium carbonate contract prices increased by around 40% in 2016 due to strong demand growth and the ongoing supply deficit. Battery-grade lithium carbonate and lithium hydroxide prices surged higher.”

But, structural problems could hamper this particular market from taking off.

The Salar de Atacama salt flats in Chile.

DEA | V. Giannella | De Agostini | Getty Images
The Salar de Atacama salt flats in Chile.

Chile, with its dry climate and lithium-rich Salar de Atacama salt flats, is an ideal production environment. The country is also popular with investors due to its free market economy. In addition, Reuters reported in November that Chilean firm SQM, one of the world’s largest lithium producers, saw 2016 third quarter profits more than quadruple due to rising lithium prices.

But, CRU told CNBC via e-mail that, “the [Chilean] industry is facing serious issues such as [the] imposition of production quota, on-going labour disputes [and] water shortage.”

Bolivia, though boasting 9 million metric tons in lithium resources, has suffered from a lack of exploration, infrastructure and technology, according to CRU. But, the Bolivian government is looking to establish a more foreign investment-friendly environment to encourage the growth of its lithium mining industry.

Unwinding Argentina’s formerly protectionist economy has been a key goal of President Mauricio Macri, which could foreground the country’s role in the lithium supply market. “Abolition of export duty on value-added products and capital controls have encouraged lithium players to consider Argentina for investment destination,” CRU told CNBC via e-mail.

The future benefits of lithium-ion batteries

The future benefits of lithium-ion batteries  

Australia

According to the USGC in January of this year, Australia’s estimated reserves sit at 1.5 million metric tons. By way of contextualizing this figure, CRU said that “in 2015, Australia was the largest producer of lithium and accounted for around 40% of global lithium supply.”

It added that lithium production capacity will increase, meaning that the country is expected to maintain its position as one of the largest lithium producers in the long term.

Location is key for Australia, as CRU explained that the country enjoys investment from “downstream players such as battery manufacturers in Asian countries.” Considering that lithium is not currently traded on any major commodities or futures exchanges, shoring up future supply is crucial.

Follow CNBC International on Twitter and Facebook.

Source: http://www.cnbc.com/2016/12/30/the-new-opec-who-will-supply-the-lithium-needed-to-run-the-futures-electric-cars.html

St-Georges Platinum and Base Metals Provides Le Royal Lithium Exploration Progress Update $SX.ca

Posted by AGORACOM-JC at 10:51 AM on Tuesday, November 15th, 2016

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  • Hired Magnor Exploration Inc. in October to plan and execute a first exploration campaign on Le Royal Lithium
  • Team of geoscientists with Yves Caron as its lead geologist, visited the project and conducted some initial surface work
  • Encouraged by the discovery of outcrops on the limited territory covered in this evaluation visit and a zone of interest was identified that should be the priority of the exploration advancement

Montreal, Quebec / November 15, 2016 – St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to update its shareholders in regards to the current exploration effort on Le Royal Lithium project.

St-Georges’ management hired Magnor Exploration Inc. in October to plan and execute a first exploration campaign on Le Royal Lithium.

During the last week of October, a team of geoscientists with Yves Caron as its lead geologist, visited the project and conducted some initial surface work. Mr. Caron was instrumental in the development of the Wabouchi Lithium deposit while he was the Vice-President Exploration of Nemaska Lithium. Mr. Roger Ouellet was also part of the campaign as a senior geologist.

The team was encouraged by the discovery of outcrops on the limited territory covered in this evaluation visit and a zone of interest was identified that should be the priority of the exploration advancement. The work enables St-Georges to confirm the presence of a favourable geological context for the discovery of lithium bearing mineralization.

The Royal Lithium project is located near the La Corne pluton in the Preissac-La Corne Batholith at the contact of three geological domains. Considering these lithologies, the presence of the North American Lithium (formerly Quebec Lithium) deposit 5 km north-east of the project and the presence of many other lithium showings in the proximal area, Le Royal Lithium has a confirmed potential for rare metals (Li, Be, Nb and Ta) in rare-element pegmatites.


Click Image To View Full Size

Figure 1: Geological settings of Le Royal Lithium

Part of the project is accessible by logging roads that are currently in good conditions. However, most of Le Royal Lithium lies under heavy dense forest and in order to continue the surface work, the Company must conduct a significant amount of line-cutting for which Magnor Exploration Inc. has initiated the permitting with the Ministry of Natural Resources.

Initial surface magnetic & radiometric geophysics aimed at confirming the local geology signature was conducted by Exploration St-Pierre Inc. from St-Felix Qc. While the initial work was conducted on sections of the property that are easier to access, the second part of that effort will be completed after the line cutting task is completed.

About Le Royal Lithium Project

Independent due diligence report highlights:

  • -Sample collected yields 2.508% LiO2-Regional geological environment is favorable to potential large discovery-Most of the lithium found in the sample is contained in Lepidolite-There is presence of spodumene-Compilation of historical geological data suggests multiple exploration vectors

Yves Caron, P.Geo. (OGQ #548), a Qualified Person under the National Instrument 43-101, has reviewed and approved the geological content of the current press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas’

FRANK DUMAS, PRESDIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project & for industrial minerals on the Quebec’s North Shore and for Lithium and rare metals in Northern Quebec and in the Abitibi area.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

St-Georges Acquires Le Royal Lithium Discovery $SX.ca

Posted by AGORACOM-JC at 2:54 PM on Wednesday, October 12th, 2016

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The independent due diligence report highlights:

-Sample collected yields 2.58% LiO2

-Regional geological environment is favorable to potential large discovery

-Most of the lithium found in the sample is contained in Lepidolite

-There is presence of spodumene

Montreal, Quebec / October 12, 2016 – St-Georges Platinum and Base Metals Ltd. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleased to announce that based on the results and recommendations of the independent due diligence report recently received, the Company will move forward with the acquisition of Le Royal Lithium project.

The independent due diligence report highlights:

-Sample collected yields 2.58% LiO2

-Regional geological environment is favorable to potential large discovery

-Most of the lithium found in the sample is contained in Lepidolite

-There is presence of spodumene

-Compilation of historical geological data indicate multiple exploration targets

St-Georges’ Management has hired Magnor Exploration Inc. to plan and execute a first exploration campaign on Le Royal Lithium later this fall. The campaign goals will be to identify surface mineralisation and drilling targets.

New Acquisition Terms for Le Royal Lithium

St-Georges’ management actively negotiated with Platypus Resources (ASX:PLP) to modify the commercial terms agreement that gives access to Platypus L-Max(R) patented lepidolite and hard rock lithium extraction technology.

Under the new terms agreed upon St-Georges will,

-Own 90% of Le Royal Lithium discovery and bear all payments and exploration obligation.

-Be the lead explorer and developer of Le Royal Lithium

Platypus will own a carried interest of 10% of Le Royal Lithium and will provide a license for their extraction technology.

Le Royal Lithium Acquisition Payments and Obligations Update

The new agreement establishes St-Georges’ ownership at 90% against payments of 2.5 million shares and $50,000 over 1 year and CAD $450,000 worth of qualified exploration work on the project over the next 3 years.

Platypus additional option

Within the first year of the agreement, PLP will be allowed to acquire an additional interest of 40%, bringing its total ownership to 50% in return for paying to St-Georges 150% of all payments and costs associated to the exploration and development of Le Royal Lithium. After the first year and until commercial development investment decision, Platypus will have to pay 200% of all payments and costs in order execute the same option.

The licenced L-Max(R) Technology

The agreement also established a framework for the usage of the L-Max(R) technology owned by Platypus. L-Max(R) is a proprietary process developed to extract and recover battery-grade lithium carbonate and potassium sulfate fertilizer from Li-rich micas. Micas include lepidolite, zinnwaldite and Li-containing muscovite.

Unlike other lithium extraction processes, the L-Max(R) process does not require significant amounts of land for evaporation ponds, or costly pyrometallurgical processing routes in order to extract and recover the valuable lithium. The hydrometallurgical L-Max(R) process involves direct atmospheric leaching of lithium mica and purification with subsequent lithium carbonate precipitation. It differs considerably from the traditional processing of spodumene, which requires high temperature decrepitation and sulfate roasting prior to lithium recovery. This novel process is simpler and is expected to have lower energy requirements than existing lithium recovery processes. The processing of lithium micas also results in the production of potassium and rare metals containing by-products, which could significantly offset the operating costs of lithium carbonate production. The metallurgical test work has demonstrated the viability of producing battery-grade lithium carbonate (99.5% purity) and potassium containing fertilizer from the Li-mica feed material.

The L-Max(R) process uses mainstream industrial chemicals namely, sulfuric acid and lime/limestone. These are cheap and readily available chemicals that are the cornerstone of large-scale chemical processing. L-Max(R) does not use expensive, specialized reagents that may be difficult to obtain, expensive to procure, or complex in operation. The use of cheap, readily available reagents does not necessitate their recovery or recycling, thus further reducing the costs of the process.

The process has been extensively tested in a series of batch laboratory tests using ore from Lithium Australia (ASX:LIT) and European Metals Holdings (ASX:EMH). The flotation of lithium mica from the pegmatite ore is a useful upgrade step and was successful, achieving high lithium recovery. Leaching of the lithium micas has achieved very high dissolution rates in relatively short leaching times.


Click Image To View Full SizeFigure 1. L-Max(R) Technology Flow Chart

The results of metallurgical test work demonstrated the viability of producing battery-grade lithium carbonate and potassium containing fertilizer from the mica material. (Figure 1)

Figure 1. L-Max(R) Technology Flow Chart

For more information about the L-Max(R) Lithium extraction technology please visit Platypus Resources/Lepidico web site at www.platypusminerals.com.au

Yves Caron P.Geo. (OGQ #548) a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas’

FRANK DUMAS, PRESDIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

St-Georges Lithium Initiatives Update $SX.ca

Posted by AGORACOM-JC at 2:52 PM on Monday, August 29th, 2016

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  • Updating shareholders on the recent developments in regards to the acquisition of Le Royal Lithium project and the agreement with Platypus Resources (ASX:PLP)
  • Recent developments concerning the commercial terms of the proposed joint-venture and the L-Max(R) lithium extraction technology license that is part of the agreement

Montreal, Quebec / August 29, 2016 – St-Georges Platinum and Base Metals Ltd. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleased to update its shareholders on the recent developments in regards to the acquisition of Le Royal Lithium project and the agreement with Platypus Resources (ASX:PLP) concerning the commercial terms of the proposed joint-venture and the L-Max(R) lithium extraction technology license that is part of the agreement.

Le Royal Lithium Project Update

The Company has recently agreed to commercial terms with Platypus Resources (ASX:PLP) in regards to the joint-venture proposed on Le Royal Lithium project. (Please refer to St-Georges Press Release dated August 4, 2016). The agreement establishes St-Georges’ initial ownership option at 30% against payments of 3 million shares over 3 years and CAD $450,000 worth of qualified exploration work on the project. Spending an additional CAD $450,000 on the project and delivering a NI 43-101 report will also enable St-Georges to bring its total ownership of the project to 50%.

Due diligence results

St-Georges expects to receive the initial draft version of the technical report on Le Royal Lithium project in early September. This report will constitute the last step of the due diligence effort conducted jointly with PLP on the project.

The licenced L-Max(R) Technology

The agreement also established a framework for the usage of the L-Max(R) technology owned by Platypus through its fully own subsidiary Lepidico Pty Ltd. St-Georges’ management was asked by some of its shareholders and many stakeholders to release more details on this particular aspect of the agreement.

L-Max(R) is a proprietary process developed to extract and recover battery-grade lithium carbonate and potassium sulfate fertilizer from Li-rich micas. Micas include lepidolite, zinnwaldite and Li-containing muscovite.

Unlike other lithium extraction processes, the L-Max(R) process does not require significant amounts of land for evaporation ponds, or costly pyrometallurigical processing routes in order to extract and recover the valuable lithium. The hydrometallurgical L-Max(R) process involves direct atmospheric leaching of lithium mica and purification with subsequent lithium carbonate precipitation. It differs considerably from the traditional processing of spodumene, which requires high temperature decrepitation and sulfate roasting prior to lithium recovery. This novel process is simpler and is expected to have lower energy requirements than existing lithium recovery processes. The processing of lithium micas also results in the production of potassium and rare metals containing by-products, which could significantly offset the operating costs of lithium carbonate productionThe metallurgical test work has demonstrated the viability of producing battery-grade lithium carbonate (99.5% purity) and potassium containing fertilizer from the Li-mica feed material.

The hydrometallurgical L-Max(R) process involves direct atmospheric leaching of lithium mica impurity with subsequent lithium carbonate precipitation. It differs considerably from the traditional processing of spodumene, which requires high temperature decrepitation and sulfate roasting prior to lithium recovery. This novel process is simpler and is expected to have lower energy requirements than existing lithium recovery processes. The processing of lithium micas also results in the production of potassium and rare metals containing by-products, which could significantly offset the operating costs of lithium carbonate production. The metallurgical test work has demonstrated the viability of producing battery-grade lithium carbonate (99.5% purity) and potassium containing fertilizer from the Li-mica feed material.

The L-Max(R) process uses mainstream industrial chemicals namely, sulfuric acid and lime/limestone. These are cheap and readily available chemicals that are the cornerstone of large-scale chemical processing. L-Max(R) does not use expensive, specialized reagents that may be difficult to obtain, expensive to procure, or complex in operation. The use of cheap, readily available reagents does not necessitate their recovery or recycling, thus further reducing the costs of the process.

The process has been extensively tested in a series of batch laboratory tests using ore from Lithium Australia (ASX:LIT) and European Metals Holdings (ASX:EMH). The flotation of lithium mica from the pegmatite ore is a useful upgrade step and was successful, achieving high lithium recovery. Leaching of the lithium micas has achieved very high dissolution rates in relatively short leaching times.


Click Image To View Full SizeFigure 1. L-Max(R) Technology Flow Chart

The results of metallurgical test work demonstrated the viability of producing battery-grade lithium carbonate and potassium containing fertilizer from the mica material. (Figure 1)

Figure 1. L-Max(R) Technology Flow Chart

For more information about the L-Max(R) Lithium extraction technology please visit Platypus Resources/Lepidico web site at www.platypusminerals.com.au

Enrico Di Cesare, director of St-Georges and responsible for the Research & Development efforts in Canada, commented: “St-Georges is excited by the potential of this technology. Not only does it bring promise to our own mineral prospects but has the potential to unlock other resources around the world that have long been overlooked. We are excited by the potential this technology brings in producing two highly sought after products of lithium carbonate and potassium sulfate(…) St-Georges has focused on finding resources that are sought after and combining with technology, intending to be a low cost producer and greener through the production of salable by-products.(…) The St-Georges management team is looking forward to building a team around the exploitation of the resources and completing the work with this new technology and raw materials.”

“The relationship with Platypus enables us to growth exponentially the amount of targets we can now entertain in the reclamation business, the revival of old mineral projects, tailings and/or alternative mineral sources around the world. (…) We believe that we will be in a position to test the compatibility of our own research with this technology and approach future potential clients as complementary technological providers (…) all this while developing a showcase potential alternative lithium source in the middle of a known lithium mining camp,” said Frank Dumas, president and CEO of St-Georges.

Quarterly Financial Reports

St-Georges published its quarterly financial statements today. The documents are now available on SEDAR (www.sedar.com). For the six months ended June 30, 2016 and 2015, the Company had no revenues. The Company incurred net losses for the period of $92,271 (2015 – $121,944). The decrease in the loss is primarily due to a reduction of subcontractor costs to $34,046 (2015 – $60,224) due to lower charges from the new CFO. At June 30, 2016, the Company had a working capital deficit of $272,950 (December 31, 2015 – $285,025).

On May 9, 2016, the Company completed a private placement for total subscriptions of $145,000 for 7,250,000 units priced at $0.02 per unit. Each unit consists of one common share and one non-transferrable 28-month warrant entitling the purchaser to acquire one common share and one additional warrant at an exercise price of $0.04. The second warrant has an exercise price of $0.06 and expires 28 months from the initial issue date. Common shares of the units subscribed by insiders are restricted for 24 months.

As at June 30, 2016, the Company had 49,839,045 common shares outstanding, and at the current date has 50,339,045 common shares outstanding.

ON BEHALF OF THE BOARD OF DIRECTORS

“Enrico Di Cesare”

ENRICO DI CESARE, DIRECTOR

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

St-Georges Signs Option Over Le Royal Lithium-Lepidolite Prospect In Quebec $SX.ca

Posted by AGORACOM-JC at 11:21 AM on Wednesday, July 27th, 2016

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  • Entered into a Binding Memorandum of Understanding to acquire Le Royal lithium prospect located approximately 30 km north of the city of Val d’Or in Quebec
  • Acquiring Le Royal lithium prospect jointly with Platypus Minerals Ltd. (ASX: PLP) on an initial 30:70 relative basis.

Montreal, Quebec / July 27, 2016 – St-Georges Platinum and Base Metals Ltd. (OTC:SXOOF) (CSE:SX) (FSE:85G1) is pleased to announce that it has entered into a Binding Memorandum of Understanding to acquire Le Royal lithium prospect located approximately 30 km north of the city of Val d’Or in Quebec.

St-Georges is acquiring Le Royal lithium prospect jointly with Platypus Minerals Ltd. (ASX: PLP) on an initial 30:70 relative basis.

Le Royal lithium prospect comprises 5 contiguous claims, approximately 286 hectares in area and represents a virgin find within a known lithium district, albeit situated only 4 km from the Quebec Lithium Mine. Le Royal is easily accessible and lies close to infrastructure and facilities (Figures 1, 2 and 3).

The Quebec Lithium Mine hosts a resource of 47 Mt @ 1.20% Li2O (NI43-101; Measured and Indicated). The mine was recently acquired by Chinese-owned Jilin Jien Nickel Industry Co.

A preliminary site visit by an independent geologist commissioned by St-Georges and Platypus confirmed the presence of a significant amount of lepidolite within a 1.0 X 0.7 X 0.6 metre pegmatite sub angular boulder indicating a new source in the vicinity (Figures 4 to 7). Lepidolite exploration is a key focus for Platypus, given its recent acquisition of mining processing technology developer Lepidico Limited, making Platypus the owner of the L-Max(R) technology which was specifically designed to extract lithium from lepidolite and other Li-mica minerals.


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Figure 1. Location of Le Royal prospect in Quebec.


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Figure 2. Regional Location of Le Royal prospect

The Companies are awaiting a report from the independent geologist, which will determine whether they will proceed with the option. Samples were taken on the project claims and sent to the laboratory for analysis. The report from the Independent Geologist is expected within two weeks.


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Figure 3. Claims map MRNF NTS 32C05, showing Le Royal claims in relation to Quebec Lithium Mine.


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Figure 4. Lepidolite in pegmatite at Le Royal.


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Figure 5. Lepidolite & spodumene in pegmatite


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Figure 6. Lepidolite-rich pegmatite from Le Royal.


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Figure 7. Lepidolite-spodumene pegmatite (Le Royal)

Under the terms of the MOU, Platypus will pay the vendors a C$10,000 option fee to conduct due diligence on the Le Royal claims. After the due diligence period and receipt of the independent geologist’s report, Platypus and St Georges will be able to acquire 100% of the Royal claims based on the following terms:

A finder’s fee will be paid in relation with this acquisition.

St-Georges and Platypus are concurrently negotiating formal terms of a joint venture between the two companies to develop the Le Royal prospect.

Yves Caron P.Geo. (OGQ #548) a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, President

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

About Platypus Minerals Ltd

Platypus Minerals Ltd (ASX:PLP) is an ASX-listed Perth based company focused on the lithium sector. It’s current exploration assets include an option over the Lemare project in Canada; ownership of the Euriowie project near Broken Hill in New South Wales; a joint venture agreement with ASX-listed Crusader Resources (ASX:CAS) to jointly exploit lithium opportunities in Brazil; and an agreement with ASX-listed Latin Resources (ASX:LRS) to jointly exploit lithium opportunities in Peru and Argentina. Through wholly-owned subsidiary Lepidico Ltd, Platypus also owns the L-Max(R) technology, a metallurgical process that extracts lithium from non-conventional sources, specifically Li-rich mica minerals such as lepidolite and zinnwaldite, and thus has the potential to disrupt the lithium market by providing lithium from an alternative source. Platypus’s largest shareholders are Strategic Metallurgy Pty Ltd and Potash West Ltd (ASX:PWN).

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

St-Georges Partners with Active Growth to Explore Lepidolite & Muscovite Pegmatites – Jointly Acquire 9 Past Producing Projects $SX.ca

Posted by AGORACOM-JC at 2:19 PM on Thursday, April 28th, 2016

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  • Announced that it has entered into a definitive agreement with Active Growth Capital (TSX-V: ACK) in order to advance its muscovite research initiative and jointly acquire 9 past producing projects in the province of Quebec
  • Partnership will enable St-Georges to further its knowledge of extraction and beneficiation alternative processes for a range of minerals commonly founded in pegmatite

Montreal, Quebec / April 28, 2016 – St-Georges Platinum and Base Metals Ltd. (OTC: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to announce that it has entered into a definitive agreement with Active Growth Capital (TSX-V: ACK) in order to advance its muscovite research initiative and jointly acquire 9 past producing projects in the province of Quebec.

This partnership will enable St-Georges to further its knowledge of extraction and beneficiation alternative processes for a range of minerals commonly founded in pegmatite. The research initiative will focus on the treatment of Lepidolite and Muscovite. St-Georges also plans to collaborate with third-party technology developers to test the usage of plasma technology to improve green-tech grade muscovite beneficiation.

The research initiative will focus on the following areas:

-Muscovite beneficiation, in partnership with plasma technology developers;

-Alternative lithium source extraction technology development;

-Benchmark for acid drainage technology test deployment;

St-Georges is transitioning its focus from mining exploration to mining technology, with the goal of creating a basket of patented technologies that will position the Company as a provider of environmentally-friendly processing solutions, as well as tailing reclamation solutions. The goal is to have market-ready technologies in the very near future.

JOINT ACQUISITION OF MUSCOVITE & LEPIDOLITE PAST PRODUCING MINES

The terms

In collaboration with Active Growth (TSX-V: ACK), St-Georges has received a 50% interest in 9 past producing mines, at no cost to its shareholders from two of its directors, being Mr. Frank Dumas, its president and Mr. Mark Billings, its Chairman. These directors sold 50% of the projects to Active Growth Capital (TSX-V: ACK) in return for 900,000 common shares of ACK and an NSR on the projects and surrendered the remaining 50% equity in the project to St-Georges.

Conditional to the closing of a financing by ACK, St-Georges will receive 600,000 shares of Active Growth Capital at closing of the transaction, as a payment for a 24-month right of first refusal to access the resulting technologies of the current Muscovite/Pegmatite R&D initiative. St-Georges will enter into a voluntary 48-month escrow agreement for these shares.

ACK will have the option to acquire a 25% equity stake in the intellectual property created and owned by St-Georges with this R&D initiative in relation with Muscovite. ACK will have the option to acquire an additional 25% total ownership of the exploration projects by spending $200,000 of geological exploration work over the next 24 months, thereby reducing St-Georges’ equity share of the projects to 25%. A Joint Venture will be created afterward to manage the projects.

The projects

The companies’ acquisitions consist of four blocks of projects.

-The 4 blocks cover 5435 hectares and equal 95 claims;

-At least 10 pegmatites were partially mined for muscovite between 1900 and 1940;

-The largest reported pegmatite is 1.6 km by 120 meters on a surface outcrop;

-The “Mine du Lac a la Mine” and << Mine du Lac Jacques >> Project: constituted of 2 past producing claims and 9 additional claims acquired by staking. The main minerals identified by the Quebec Ministry of Natural Resources on the projects that are about 1 kilometer apart are Mica (Muscovite and Lepidolite), Apatite, Garnet and Tourmaline. Limited production was conducted in open pits. The mines are about 12 km north-east of the village of Tadoussac on the Quebec North-Shore.

-The “Mine Imbeault”, “Mine du Lac Castor”, “Mine du Ruisseau” and “Mine du Lac Sirois” Projects: This block comprises 3 past producing claims and 26 additional claims acquired by staking. The projects along the same 3km pegmatite trend and the central point of these projects lie 16km north-west of the Quebec North-Shore’s village of Les Escoumins. Minerals identified include Mica (Muscovite and Lepidolite) Quartz, Feldspath, Garnet (Beryllium) Tourmaline and Apatite. The Mine Castor section has a 1.6 km by 120 meters pegmatite outcrop on a North-West orientation. There are historical grades of 10-30% pink-ruby micas in multiple historical drilling intersections of 5 to 15 meters. These results are historical in nature and cannot be rely upon and are only mentioned has a reference. There is no NI 43-101 technical report or known resources on these projects.

-The “Mine Xavier” located 8km to the east of Ville de Saguenay is made up 2 past producing claims that produced 14,000 kg of muscovite that yielded 909 kg of commercial mica sold to markets in 1940, according to the Quebec Government data. The minerals identified include mica (Muscovite and Lepidolite) and Garnet, Beryllium in pegmatite.

-The “Mine Roberval” and “Mine du Lac M” are made up 4 past producing claims and 37 claims acquired by staking. These projects are located 18km east of the city of Alma in the Lac-St-Jean region of Quebec. Beryllium, Topaz and some LRE are found in Pegmatite that contain Lepidolite and Muscovite

Muscovite market and usages

Ground muscovite sells for $150- $300 per metric tonne on average; sheet mica for specialty uses can sell for prices up to $2,000 per kilogram. Mica has several properties that make it suitable for very special uses: The muscovite sheets are chemically inert, dielectric, elastic, flexible, hydrophilic, insulating, lightweight, reflective, refractive and resilient; it is also stable when exposed to electricity, light, moisture and extreme temperatures.

Most sheet mica is used to make electronic devices. The sheets are cut, punched, stamped and machined to precision dimensions. Uses include: diaphragms for oxygen breathing equipment, marker dials for navigation compasses, optical filters, pyrometers, retardation plates in helium-neon lasers, missile system components, medical electronics, optical instrumentation, radar systems, radiation detector windows, and calibrated capacitors.

Lepidolite market and usages

Lepidolite mica is sought for its lithium contents. New promising extraction and processing technologies have emerged in the past decade that is making it a potential alternative source for lithium carbonate.

ACQUISITION OF LEPIDOLITE PEGMATITE

St-Georges also acquired, jointly with Active Growth, 22 prospective claims by staking in 2 separate blocks in northern Quebec.

A 4.5 kilometers Lepidolite containing pegmatite corridor was identified by the Ministry of Natural Resources of Quebec (MNRQ) on the southern block of the acquisition (15 claims), located 91 km south of the village of Kujjuaq, while a chosen sample (MNRQ #2011054043) taken in 2011 and reported recently yielded 4,307 ppm of Beryllium (4,3 kg/tonne) and 2,008 ppm (2kg/tonne) of Tantalum on the northern block (7 claims), located about 74 km east of Kujjuaq. The Company has acquired the project in order to review its prospective opportunities.

Additional acquisitions of alternative sources of lithium and green-energy related projects are currently being reviewed by management.

OTHER CORPORATE MATTERS

FINANCING

In order to finalize the transition to its new business model, the Company has planned a private placement for a maximum of $145,000. This financing was announced on March 31, 2016 and is expected to close on Monday, May 2.

At this time, the current financing is expected to be fully subscribed based on subscriptions already signed.

The offering consists of units to be priced at $0.02 each. Each Unit consists of one common share and one non-transferable 28-month warrant entitling the purchaser to acquire one common share and one additional warrant for an initial exercise price of $0.04. The second warrant will have an exercise price of $0.06 and will expire 28 months after the initial financing closing date.

At its discretion, the Company will be able to force the exercise of the warrants if the price of the common shares on the CSE is at or above 150% of the warrants’ exercise price for 10 consecutive days based on a volume-weighted average price (VWAP) calculation.

Proceeds of this financing will be set aside in order to pay costs related to exchange listings, transfer agents, annual shareholder meetings, annual audits and the settlement of certain short-term debts.

Insiders who will participate in the private placement have accepted to subscribe to a 2-year voluntary resell restriction on the shares of the units.

Multilateral Instrument 61-101

Given the proposed participation of the inside holders for a significant proportion of the financing, the proposed financing might constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security holders in Special Transactions (“MI 61-101″).

St-Georges is relying on an exemption to both the formal valuation and the minority shareholder approval requirements of MI 61-101, as neither the fair market value of the Units to be distributed to, nor the fair market value of the consideration to be received by St-Georges from the inside holders in connection with the proposed financing exceeds 25% of St-Georges’ share capitalization.

OTHER RESEARCH ADVANCEMENTS

St-Georges and Strategic Metallurgy Pty Ltd became partners on a 75-25% ratio in order to move forward a basket of new metallurgical and chemical technologies that can be deployed in a commercial environment within a relatively short schedule. Development tests and scalability demonstration should be conducted in Perth, Western Australia, in the pilot-plant facilities of Strategic Metallurgy in 2016.

POTENTIAL BUSINESS AND TECHNOLOGY PARTNERS

Further advancement of the Company’s R&D efforts will be done in parallel with the sourcing of business partners to target the mining reclamation business. We view this as a very lucrative opportunity due to the fact that North American governments are spending billions of dollars annually in reclamation projects where acid drainage remains one of the main issues.

St-Georges has initiated discussions with potential technology partners and intends to identify more as the new business model is deployed. The Company also plans to spend a good amount of time and resources soliciting environmental mandates from different governmental agencies. Moreover, the Company plans to secure grant money to demonstrate the performance of some of its technologies in real-time field situations.

ANNUAL MEETING

The press release from March 31, 2016 mentioned the month of June 2016 for the Company’s AGM. This meeting will be moved to August 2016. Shareholders will be asked to approve the option plan, the new board of directors and the modifications to its main business. No consolidation or reverse split is planned to be put to the vote.

Joel Scodnick, P.Geo. (CPG # 11498) St-Georges Platinum’s vice-president exploration, a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.

All securities issuance are subject to CSE and regulatory approval.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, President

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.